Korn/Ferry International (KFY) Holding Trimmed by Royce & Associates LP

Korn/Ferry International (KFY) Holding Trimmed by Royce & Associates LP

Royce & Associates LP reduced its position in shares of Korn/Ferry International (NYSE:KFY) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,049,281 shares of the business services provider’s stock after selling 390,461 shares during the period. Royce & Associates LP’s holdings in Korn/Ferry International were worth $64,532,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock worth $147,000 after buying an additional 744 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Korn/Ferry International during the fourth quarter worth approximately $915,000. Basswood Capital Management L.L.C. purchased a new stake in shares of Korn/Ferry International during the fourth quarter worth approximately $2,414,000. Third Avenue Management LLC bought a new position in Korn/Ferry International during the fourth quarter worth about $3,693,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Korn/Ferry International during the fourth quarter worth about $602,000. 87.74% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International (KFY) traded up 2.74% during trading on Thursday, reaching $32.99. The company’s stock had a trading volume of 203,122 shares. The firm has a market cap of $1.89 billion, a PE ratio of 29.99 and a beta of 1.47. Korn/Ferry International has a one year low of $18.57 and a one year high of $33.27. The company has a 50-day moving average of $32.16 and a 200 day moving average of $29.96.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Monday, March 6th. The business services provider reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. Korn/Ferry International had a net margin of 1.47% and a return on equity of 12.01%. The business had revenue of $381.90 million during the quarter, compared to the consensus estimate of $382.76 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that Korn/Ferry International will post $2.26 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. William Blair upgraded Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research note on Monday, April 10th. Tigress Financial assumed coverage on Korn/Ferry International in a research note on Monday, March 20th. They set a “neutral” rating for the company. Finally, Zacks Investment Research downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.50.

About Korn/Ferry International

Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KFY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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